A COMMENT ON KLIEVE-MACAULAY'S SOUTHERN BLUEFIN TUNA GAME

Phillip Simmons () and Lee Wallace

Australian Journal of Agricultural Economics, 1995, vol. 39, issue 3, 3

Abstract: Klieve and MacAulay (1993) (KM) analyse bargaining between the Australian and Japanese Southern Bluefin Tuna (SBT) industries using game theory. The KM model is a Nash equilibrium with symmetrical information, threat functions and a set of biological constraints. When we attempted to include the New Zealand SBT industry as a player in the KM model, we discovered important shortcomings in it. In this comment, we outline three major shortcomings in the KM model and propose an alternative model of a Nash equilibrium for the SBT industry.

Keywords: Research; Methods/Statistical; Methods (search for similar items in EconPapers)
Date: 1995
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Journal Article: A COMMENT ON KLIEVE‐MACAULAY'S SOUTHERN BLUEFIN TUNA GAME (1995)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ajaeau:22675

DOI: 10.22004/ag.econ.22675

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